https://www.taxtmi.com/caselaws?id=208512 Section 3A of the Central Excise Act, 1944 and the 1997 Hot Re-rolling Steels Mills Rules require annual capacity of production to be determined under the prescribed formula in Rule 3(3). Rule 4(2) permits intimation of changes in installed machinery, but a resulting reduction in capacity does not exclude the case from Rule 5. Where capacity is determined or redetermined under the Rules, Rule 5 continues to apply with full force and deems the determined capacity to be the actual production for the relevant year. The statutory scheme therefore governs reassessment on the basis of the revised capacity, even after approved machinery changes. en-us Fri, 06 Jan 2012 00:00:00 +0530 Fri, 14 Nov 2014 16:35:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=208512 Section 3A of the Central Excise Act, 1944 and the 1997 Hot Re-rolling Steels Mills Rules require annual capacity of production to be determined under the prescribed formula in Rule 3(3). Rule 4(2) permits intimation of changes in installed machinery, but a resulting reduction in capacity does not exclude the case from Rule 5. Where capacity is determined or redetermined under the Rules, Rule 5 continues to apply with full force and deems the determined capacity to be the actual production for the relevant year. The statutory scheme therefore governs reassessment on the basis of the revised capacity, even after approved machinery changes. Case-Laws Central Excise Fri, 06 Jan 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=208512